Rahul Anand's questions to RIO TINTO (RIO) leadership • H1 2025
Question
Rahul Anand of Morgan Stanley asked about the financial impacts of Rio Tinto's new iron ore product strategy, specifically on revenue and potential cost savings from simplification, and also questioned the strategy for the aluminium business given the US tariff environment.
Answer
CFO Peter Cunningham explained that the new iron ore strategy is in its early days but has been well-received by customers, with long-term benefits expected in production capacity and capital intensity. CEO Jakob Stausholm addressed the aluminium tariffs, stating that while not ideal, the company has successfully navigated the situation with limited impact, largely by passing on costs, and that the overall effect on the group is not significant when considering the positive impact of copper tariffs.